New Construction
New
For Sale
$650,000
4600 N Wagon Way, Prescott Valley, AZ 86314
Brand-new duplex with upgraded interiors, included appliances, and landscaped exterior improvements.
Property Size2,358 SF
Price / SF$275.66
Days on Market5
Property Features for 4600 N Wagon Way
General Information
Standard status
Active
Size
2,358 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
washer/dryer
automatic drip system
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Realty ONE Group Mountain Desert
Listed By:
Frederick Lee Borst · License #SA570671000
(928) 830-1843
Source:
Legacyren
Added: Sep 19
Last Checked: Sep 22 at 7:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Mountain Desert
Investment Insights
Based on property information with market context.
This 2026-built duplex offers a new-construction configuration with approximately 2,358 square feet of finished space. Interior details include Saddle Oak cabinetry, granite countertops, stainless steel kitchen appliances, stainless fixtures, and 18x18' tile flooring. A washer and dryer are included, along with two-inch faux wood horizontal blinds throughout the home.
Exterior improvements include a paver driveway and front-yard landscaping supported by an automatic drip irrigation system. The property is located at 4600 N Wagon Way in Prescott Valley, Arizona. Completion is anticipated approximately September 14, 2026.
Exterior improvements include a paver driveway and front-yard landscaping supported by an automatic drip irrigation system. The property is located at 4600 N Wagon Way in Prescott Valley, Arizona. Completion is anticipated approximately September 14, 2026.
Key Highlights
- 2026‑built duplex with approximately 2,358 square feet
- Saddle Oak cabinetry and granite countertops
- Stainless steel kitchen appliances and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,997
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,940
$539.9K
Cap Rate 7%
$385,671
$385.7K
Cap Rate 9%
$299,967
$300.0K
Market Conditions
NOI Build-Up for 2,358 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.0K $17.40/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$38.6K $16.36/SF
− OpEx
−$11.6K −$4.91/SF
NOI
$27.0K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,940
Cap Rate 7%
$385,671
Cap Rate 9%
$299,967
Alternative Uses
Best Use
Multifamily LT 5
$385.7K
$337.5K – $450.0K
NOI $26,997 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$359.1K
$314.2K – $418.9K
NOI $25,134 @ 7.0% cap · market cap 3.87%
Theoretical Best
Warehouse
$789.9K
$691.2K – $921.6K
NOI $55,295 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new duplex with upgraded interiors, included appliances, and landscaped exterior improvements.
Where is this duplex located?
The property is located at 4600 N Wagon Way Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2026‑built duplex with approximately 2,358 square feet; Saddle Oak cabinetry and granite countertops; Stainless steel kitchen appliances and fixtures
